On 1 July 2022, Surf Ltd acquired all the share capital in Turf Ltd for $472,000. At that date, Turf Ltd's equity consisted of:

Share Capital 300,000 General Reserve 96,000 Retained Earnings 56,000 At 30 June 2023, goodwill was identified as being impaired by 10%. At 1 July 2022, all the identifiable net assets of Turf Ltd were recorded at fair value. Required: Record the elimination entry in Surf Ltd's accounts and record the impairment of goodwill